Back to SOI for more Statistics on Income.
Table 8: Personal Income per National Income and Product Accounts (NIPA), and Taxable Income and Individual Income Tax per Statistics of Income (SOI), 1950-2012.
The file is histab8.xls. It gives personal income, taxable income, and taxable income as a percent of personal income. It gives the total income tax in billions, and as a percent of personal income, and as a percent of taxable income.
I'm just looking for those last two.
Yesterday we looked at the corporate income tax as a percent of taxable corporate income (profits) and as a percent of gross corporate income. I want to do the same now for personal income.
The personal tax is lower than the corporate tax, as a percent of taxable income. But the personal tax is much higher than the corporate as a percent of gross.
// The Excel file